In July, the stock market was supported by the strong U.S. stock market and began to test a return from the second half of the month. The CG Top20, whose components were changed once a year starting this month, continues to outperform over the long term while slightly underperforming against both the TOPIX and JPX400 over the one-month period.
The stock market was firm from the second half of the month as the U.S. market rallied in mid-July on the back of lower long-term interest rates in anticipation of a recession in the U.S. economy. Over the long term since 2014, the CG Top 20 has continued to outperform both indices by about 2% per year. Over the long term since 2014, the CG Top20 continues to outperform both indices by about 2% per annum. The CG Top 20 has been reassessed as of July 1. The new individual stocks are listed in the table below.ly 2022
Please see detail in the following link.
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